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interest rate; provided that the interest rate may not be increased above the maximum specified <br /> in Section 469.178. subd. 7 of the TIF Act. <br /> Section 3. Effective Date. This resolution is effective upon adoption. <br /> ADOPTED this 14' day of September 2021 by the New Brighton City Council with a vote of <br /> ayes and nays. <br /> Kari Niedfeldt-Thomas, Mayor <br /> ATTEST: Devin Massopust, City Manager <br /> Terri Spangrud, City Clerk <br />